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" If the payment be less than the Interest, the surplus of interest must not be taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due... "
Stoddard's Practical Arithmetic - Σελίδα 192
των John Fair Stoddard - 1852 - 299 σελίδες
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The Pacific Reporter, Τόμος 25

1891 - 1158 σελίδες
...the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towads discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due; if the payment be less than the interest, the surplus of interest must not...

How to Become Quick at Figures: Comprising the Shortest, Quickest and Best ...

D. M. Garrett - 1886 - 210 σελίδες
...: of the interest then due. INTEREST. II. — If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent...computed on the balance of the principal remaining due. III. — If the payment be less than the interest, the surplus of the interest must not be taken to...

How to Become Quick at Figures: Comprising the Shortest, Quickest, and Best ...

D. M. Garret - 1886 - 202 σελίδες
...discharge of the interest then due. INTEREST. II. — If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent...computed on the balance of the principal remaining due. « III. — If the payment be less than the interest, the surplus of the interest must not be taken...

The New Practical Arithmetic

Waite A. Schoemaker - 1887 - 454 σελίδες
...to the discharge of the interest due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not...

Practical Single and Double Entry Book-keeping: Commercial Calculations ...

Thomas A. Rice - 1889 - 364 σελίδες
...the discharge of the interest due. 2. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. 3. If the payment be less than the interest then due, the surplus of interest...

City Court Reports: Containing Decisions of the Marine Court of the ..., Τόμος 2

New York (State). Marine Court (New York), Daniel T. Robertson, Edward Jacobs - 1889 - 484 σελίδες
...the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not...

Tiffany's Digest of Depreciations, with the Addition of Numerous Tables ...

Henry Stanton Tiffany - 1890 - 96 σελίδες
...place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent...balance of the principal remaining due. If the payment is less than the interest, the surplus of interest must not be taken to augment the principal; but...

Rights, Remedies, and Practice, at Law, in Equity, and Under the ..., Τόμος 5

John Davison Lawson - 1890 - 944 σελίδες
...place to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal; and the subsequent...the balance of the principal remaining due. If the payments be less than the interest, the surplus of interest must not be taken to augment the principal;...

The American State Reports: Containing the Cases of General Value ..., Τόμος 21

Abraham Clark Freeman - 1891 - 1028 σελίδες
...to the discharging of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent...of the principal remaining due. If the payment be lees than the interest, the surplus of interest must not be taken to augment the principal, but the...

A Treatise of the Law of Damages: Embracing an Elemantary ..., Τόμος 1

Jabez Gridley Sutherland - 1893 - 1132 σελίδες
...first place to discharge the interest then due; if the payment exceeds the interest the surplus goes towards discharging the principal; and the subsequent...is to be computed on the balance of the principal unpaid. If the payment be less than the interest the surplus interest must not be taken to augment...




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